Axa S.A. Increases Holdings in Evergy, Inc. (NASDAQ:EVRG)

AXA S.A. increased its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 166.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,443 shares of the company's stock after purchasing an additional 60,272 shares during the quarter. AXA S.A.'s holdings in Evergy were worth $5,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Evergy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock valued at $1,887,485,000 after buying an additional 221,086 shares in the last quarter. Franklin Resources Inc. increased its holdings in Evergy by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock worth $348,430,000 after acquiring an additional 128,211 shares during the period. Geode Capital Management LLC increased its holdings in Evergy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock worth $346,063,000 after acquiring an additional 133,641 shares during the period. American Century Companies Inc. lifted its stake in Evergy by 3.8% in the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock worth $218,818,000 after purchasing an additional 130,804 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock valued at $211,376,000 after purchasing an additional 73,066 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Shares of EVRG stock traded up $0.04 during trading hours on Friday, hitting $66.60. 2,910,157 shares of the company's stock were exchanged, compared to its average volume of 1,958,508. The company has a market capitalization of $15.32 billion, a PE ratio of 18.00, a PEG ratio of 2.82 and a beta of 0.53. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12-month low of $52.10 and a 12-month high of $70.36. The business's 50 day simple moving average is $67.35 and its 200-day simple moving average is $64.77.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter in the previous year, the company earned $0.54 earnings per share. On average, equities research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 4.01%. Evergy's payout ratio is currently 70.45%.

Wall Street Analyst Weigh In

EVRG has been the subject of several research analyst reports. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research note on Thursday. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Finally, Barclays raised their target price on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Evergy has an average rating of "Buy" and a consensus target price of $70.92.

Evergy Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.